Can I retire at age 55 with 504,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$41,620$41,249$40,887$40,534$40,190$39,524
2 years$20,604$20,220$19,848$19,488$19,138$18,469
3 years$13,599$13,214$12,843$12,486$12,142$11,491
4 years$10,098$9,714$9,347$8,995$8,660$8,031
5 years$7,998$7,616$7,253$6,909$6,583$5,979
6 years$6,598$6,219$5,862$5,525$5,209$4,631
7 years$5,598$5,223$4,871$4,543$4,236$3,683
8 years$4,849$4,477$4,131$3,811$3,514$2,987
9 years$4,267$3,898$3,558$3,246$2,960$2,457
10 years$3,801$3,436$3,102$2,798$2,522$2,044
11 years$3,420$3,059$2,731$2,435$2,169$1,715
12 years$3,103$2,745$2,424$2,136$1,879$1,449
13 years$2,835$2,481$2,165$1,886$1,639$1,232
14 years$2,605$2,255$1,946$1,674$1,437$1,052
15 years$2,407$2,060$1,757$1,493$1,265$901
16 years$2,233$1,890$1,593$1,337$1,118$775
17 years$2,080$1,741$1,449$1,201$991$669
18 years$1,944$1,608$1,323$1,082$881$578
19 years$1,822$1,491$1,211$978$786$500
20 years$1,713$1,385$1,112$886$702$434
21 years$1,614$1,290$1,022$804$628$377
22 years$1,525$1,204$942$731$563$328
23 years$1,443$1,126$870$666$505$286
24 years$1,368$1,055$805$607$454$249
25 years$1,299$990$745$554$409$217
26 years$1,236$931$691$507$368$190
27 years$1,178$876$642$464$332$166
28 years$1,123$826$597$425$299$145
29 years$1,073$779$555$390$270$127
30 years$1,026$735$517$358$244$111
31 years$982$695$482$329$221$97
32 years$941$658$450$302$200$85
33 years$903$623$420$278$181$74
34 years$866$590$392$256$164$65
35 years$832$560$367$235$148$57
36 years$800$532$343$217$134$50
37 years$770$505$321$200$122$44
38 years$742$480$301$184$110$38
39 years$715$456$282$170$100$34
40 years$689$434$264$156$91$29
41 years$665$413$248$144$82$26
42 years$642$394$232$133$75$23
43 years$620$375$218$123$68$20
44 years$599$357$205$114$62$17
45 years$579$341$192$105$56$15
46 years$560$325$181$97$51$13
47 years$542$310$170$89$46$12
48 years$524$296$159$83$42$10
49 years$508$283$150$76$38$9
50 years$492$270$141$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $504,000, adding $4,954 every year, while hoping to spend $39,581 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/32/18 Blend
54$504,000$504,000$504,000$504,000
55$560,518$533,806$525,994$585,513
56$575,577$517,849$501,501$587,331
57$590,845$499,783$474,861$584,820
58$606,303$479,463$445,960$581,239
59$621,925$456,737$414,679$576,502
60$637,685$431,441$380,895$570,515
61$653,551$403,403$344,477$563,180
62$669,486$372,443$305,289$554,390
63$685,449$338,367$263,191$544,032
64$701,391$300,974$218,035$531,983
65$717,260$260,048$169,666$518,114
66$732,993$215,363$117,922$502,285
67$748,522$166,680$62,637$484,346
68$763,770$113,745$3,633$464,138
69$778,647$56,292$0$441,487
70$793,057$0$0$427,606
71$806,889$0$0$414,486
72$820,019$0$0$420,772
73$832,310$0$0$426,566
74$843,607$0$0$431,781
75$853,737$0$0$436,322
76$862,510$0$0$440,082
77$869,710$0$0$442,942
78$875,101$0$0$444,770
79$878,417$0$0$445,419
80$879,364$0$0$444,725
81$877,615$0$0$442,507
82$872,807$0$0$438,565
83$864,537$0$0$432,674
84$852,359$0$0$424,588
85$835,778$0$0$414,032
86$814,244$0$0$400,703
87$787,150$0$0$384,264
88$753,823$0$0$364,343
89$713,518$0$0$340,528
90$665,410$0$0$312,363
91$608,587$0$0$279,343
92$542,040$0$0$240,912
93$464,654$0$0$196,453
94$375,195$0$0$145,285
95$272,300$0$0$86,654
96$154,464$0$0$19,730
97$20,021$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0